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Warrants

Warrant

A warrant is a derivative. It gives the buyer the right to buy or sell the underlying asset at a set price within a certain time. The underlying asset can be stock, market index, currency or commodity.

Document and notice

CBBCs

CBBC

CBBC refer to Callable Bull/Bear Contracts listed on the Exchange. CBBC are a type of structured product that tracks the performance of an underlying asset without requiring investors to pay the full price required to own the actual asset.

Handbook

Implied volatility

VHSI

VHSI

16.56PTSrise0.19 (1.2%)

Previous closing (PTS)

Day high

Day low

16.37

16.67

16.02

Implied Volatility (IV)

is one of the most important indicators when assessing a warrant. It refers to the estimate of future price volatility of a specified underlying asset, and is generally used by the market as an indicator to decide whether a warrant is value-for-money or not.

IV of HSBC Focus Call Warrants

*Above warrants are selected based on the daily top turnover, delta between 30% to 70% and time to maturity between 3 to 9 months. The terms of the HSBC focused products may not meet the same criteria. The above is for reference only.

Last update: 2019-03-22 01:20 (At least 15 mins delayed)

*Intraday chart is updated every 5 mins and with at least 15-min delay, not all data in between the updates is reflected.
*Weekly/5-day charts are updated every 60 mins and with at least 15-min delay, not all data in between the updates is reflected.

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Important Risk Warning

This is a non-collateralised product.

The price of the Warrants/CBBCs may fall in value as rapidly as it may rise and investors may sustain a total loss of their investment. Prospective investors should ensure that they understand the nature and risks and seek professional advice where applicable. Click here for "Terms of Use".

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